For and Against a New Framework for Banking Supervision
Offering a critical perspective, this paper presents the new strategy in European Union’s banking supervision as response to the financial market tensions, describing the results of this redefinition process on different areas: the revision of supervision institution and international banking standards and the strengthening of corporate governance in banking. The cooperation between macro and micro prudential authorities represents a solution for sustaining the financial stability in the euro area. The paper also analyzes the newly implemented capital standards - Basel III, a way for assuring a better management of systemic risk. The efficiency and success of this reform in banking are subjects of doubts and strongly debated in the current context. and problems concerning its independence attract adverse opinions. Far from being on one side or the other, this paper gives a full description of the process, leaving its advantages and disadvantages an open subject.
Volume (Year): XII (2012)
Issue (Month): 1 (May)
|Contact details of provider:|| Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:278-283. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gheorghiu Gabriela)
If references are entirely missing, you can add them using this form.